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Ancillary Services at IFSC
The lightest IFSCA framework. No minimum capital. Twenty-eight permissible activity heads under the First Schedule. Fees USD 1,000 + 1,000 + 1,000 per registered activity. Section 80LA tax holiday on FCY-billed revenue. Express carve-in for traditional partnership firms of CAs / CSs / Advocates under Reg 5(1) proviso of the 2025 TAS Regulations.
Who can register under the TAS Regulations 2025 (as amended 2026), for which services?
TechFin and ancillary service providers support financial institutions in the IFSC and abroad with technology and professional services, under the IFSCA (TechFin and Ancillary Services) Regulations, 2025 (10 July 2025), as amended in 2026.
Ancillary Services - The Practitioner's Booklet
A treatise-grade working reference on the licensing, capital, conduct-of-business and tax framework for Ancillary Services at GIFT IFSC - every conclusion anchored in verbatim statutory and regulatory text.
The case for Ancillary Services - before the rulebook.
GIFT IFSC competes head-on with Singapore, Dubai and Mauritius - on tax, on currency, and on access to India. Here is what actually moves the decision, before the regulatory detail below.
A 20-year tax holiday
100% deduction on business income for any 20 consecutive years in a 25-year block under Section 147 of the Income-tax Act 2025 (Finance Act 2026), then a 15% concessional rate. MAT capped at 9%.
US-dollar, offshore by law
An IFSC unit is treated as a person resident outside India under FEMA - raise, hold and transact in USD / EUR / GBP, with full foreign-currency freedom and no rupee-conversion drag.
100% foreign & NRI capital
Foreign and NRI investors can hold up to 100% - without the aggregate ownership caps that constrain comparable onshore vehicles.
An on-ramp to India
Unlike a purely offshore hub, GIFT IFSC sits on Indian soil and aligns with national policy - an offshore base that is also a door into one of the world's largest growth markets.
Zero STT, CTT & stamp duty
IFSC-exchange transactions are free of Securities and Commodity Transaction Tax and stamp duty; services rendered by IFSC units are zero-rated for GST.
One regulator, India's rule of law
A single unified regulator (IFSCA) under the IFSCA Act 2019, an independent judiciary, and a treaty-anchored legal order - certainty, not just headline rates.
The opportunity is real, but every benefit carries a condition - and that is where counsel at the threshold earns its place.
The framework - at a glance
Ancillary Service Pathway Selector
Map your service category, founder type, mode and target market to the applicable IFSCA regime, professional-body clearance, tax positioning and AML calibration.
IFSCA Framework for Enabling Ancillary Services (10 Feb 2021); IFSCA (TechFin and Ancillary Services) Regulations 2025 (8 Jul 2025); BATF Regulations 2024 (6 Jun 2024). Indicative only - not legal advice.
Related reading
- Booklet XVII - Ancillary Services at IFSC (PDF, May 2026) · Full Firm handbook on the 2021 Framework + 2025 TAS Regulations.
- BATF Services · The separate IFSCA (BATF) Regulations 2024 carve-out for substantial book-keeping / accounting / taxation / financial-crime-compliance work.
- FinTech Entity · TechFin services sit in Second Schedule of the same 2025 TAS Regulations.
- Resources page · IFSCA Ancillary Framework, TAS Regulations 2025, BATF Regulations 2024, ICAI / ICSI / BCI rules.
Talk to Bhatt & Joshi about your IFSC ancillary services registration